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< Case Studies Honeypot Guest House and Tearoom

Background

Honeypot Guest House and Tearoom is in the centre of historic Crail, close to the harbour and beautiful fishing villages in the East Neuk.

The upper floor contains three guest bedrooms with delightful views of the village and surrounding coastal area. Honeypot’s cosy café and tearoom rests at the rear of the property and stretches out into a charming garden, offering plenty of seating both inside and out.

The owners acquired the property in 2008 for £359,000.

£90,168

Capital allowances uncovered

£26,100

Unlocked in total tax savings

What owners
Mr & Mrs Anderson said . . .


“We had no idea integral features such as hot water or electrical systems could be valued for capital allowances, nor did our accountant have the specialist skills to provide such a valuation. With hardly any involvement from ourselves, appointing Zeal was one of the most rewarding decisions we made. Within 6 weeks we received a tax repayment and extremely valuable allowances we can use year after year. We would urge anyone who has not considered a claim to contact them as they guide you through the whole process”.

Overview of the claim

Mr and Mrs Anderson had never heard of capital allowances tax relief for embedded fixtures before speaking with our claims specialist and were astonished by the knowledge that thousands of pounds in tax savings were locked in their property.

As this is not a claim an accountant can make, the owners retrieved the required information and tax returns from their accountant and forwarded it to our tax team. To ensure the maximum tax relief was claimed, a property survey was conducted.

Qualifying items

Over £90,000 was identified in qualifying capital allowances such as electrical, heating and ventilation systems, hot and cold water, telecommunications, fire protection alarms, security systems, kitchen appliances and sanitaryware such as toilets, showers and baths.

The claim was completed in less than six weeks and generated more than £26,000 for the owners.

Our associations

We bring our specialist knowledge to the sector through our associations and memberships with:

- Short Stay Accommodation Association
- Association of Scottish Self Caterers
- Professional Association of Self Caterers